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How Do You Compare To The Average American? Surprised At This.

CNBC recently ran a survey the call the “All America Survey” in which they go out and survey Americans across all income levels and backgrounds. They try to get a pulse on what the average American thinks about the markets, investing and other financial topics. I found it quite insightful to see what the “average American” is thinking right now. How good an investment environment are we in? What are the best investments available today? How stocks compare to bonds or real estate to gold. You have to compare yourself to this crowd for one great reason: it will tell you a lot about your investment savvy. And let me tell you, the “average American”, at least according to this survey, is not terribly savvy. Today’s podcast dives right in and talks about these results and how you might compare. I hope you enjoy.
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Categories: Markets, Personal Finance, and Strategy.

How much Bitcoin should I have in my portfolio: IGGA Podcast

Based on numerous client and associate discussions I have been having I know what is on many people’s minds: Bitcoin. Today we are going to take a look at Bitcoin and how the smart investor should be viewing this relatively new phenomenon of cryptocurrencies. I hope you enjoy our take on Bitcoin and what it can mean for the informed investor. What We’re Reading An Experts Guide to Calling a Market Top: This is by Barry Ritholtz and is a fantastic article. We found ourselves not only nodding our heads as we read it but laughing as well. This is a great piece that is a must read for anyone. The $12-million iPhone: In light of the new iPhone X launch, this article seems very appropriate. This is by Bret Swanson. After reading this article you will see just how blessed we all are to live in the times that
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Categories: Markets and Strategy.

Do You Have Home Country Bias and Other Behaviorally Driven Investor Topics

In this week’s podcast I’m basing my thoughts on the string of client questions I have been receiving over the last couple of weeks. You may have heard me say before, as a financial advisor I consider myself a behavioral advisor as much as a markets advisor. Investors are antsy and they’re asking questions like: “The market is at an all-time high is it the time to sell?” “This political environment is making me antsy, how do I trade it?” I address these topics head on. What does history and what does probability tell us about them? The answers formulate our response. Finally, I also address a critical behavioral weakness of many investors: home country bias. You like many others may have this. It can hamper your portfolio’s performance. So click below to listen as we discuss these very important topics and see how you would grade yourself against our recommended
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Categories: Markets, Personal Finance, and Strategy.

This Client Asked Two Common Questions: Here’s Our Answer

A client recently asked me two questions: 1) What is the market going to do over the course of the next year? 2) What is the secret sauce that has led to our success in the markets? What I did was walk him through why those aren’t the right questions to ask an adviser. I walked him through what I believe any client or potential client should ask their investment adviser. The reasoning for my answer is deeply connected with why I believe a large number of investors, either on their own or with an adviser, don’t achieve the success they should be able to. Today’s podcast is a simple review of that conversation. I hope you enjoy. What We’re Reading The first rule of Investing is . . . This is a fantastic, quick read that we agree with wholeheartedly. The key to any “rules” is to implement them.
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Categories: Markets, Personal Finance, and Strategy.

How To Think About This Market And The Non-existent Volatility We Are Experiencing: Podcast

For almost the entire year this has been a smooth sailing market. What does this mean for investors? This week in our podcast we take a dive into the data around this Bull market, how it compares to other low-volatility markets of the past, and what you should be thinking about when it comes to your portfolio. Click below to listen and enjoy.   What We’re Reading Malcom Gladwell: There are no shortcuts to success – here’s what will up your chances. We agree 100% with this! It’s what we do every day for our clients to help them build and manage their wealth. It’s what we’re trying to teach our children daily, and it’s the one thing that you can’t succeed in life without. Investors, Stop Worrying About Why ‘Nobody’ Is Worrying. Jason Zweig’s article falls right in line with our podcast for the week. We have no idea
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Categories: Markets and Strategy.

How Your Peers Are Managing Their Money – Survey Results

Four weeks ago we had our newsletter subscribers participate in a survey and promised to share the results along with our thoughts on what they mean. Well the results are in and there are some interesting insights into what it means for you and your peers as you manage your money. We recognize that the data is not a perfect representation of investors as a whole.  Our subscribers are definitely a wealthier, more educated and more sophisticated slice of the population. Those subscribers who chose to participate may slant one way or another compared to those who chose not to. And finally, to keep it short and anonymous we didn’t get much of the detail that would have given even more insight into investor behavior. That said, below are the survey results and some of our thoughts on what they may mean for you as you consider your investments and
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Categories: Markets and Personal Finance.

Investing to Beat a Benchmark: FREE Access to the Online Investors Conference Presentation

As you may have seen in the last few weeks in our newsletter, I was recently invited to be a presenter at the Online Investor Conference. My topic was “Investing to Beat a Benchmark.” But it really was a fairly good overview of our end-to-end value investing approach at Iron Gate. A look into what has made our past sixteen years of performance stand out. We are now making it available to IGGA newsletter subscribers to view at your leisure free. It will be beneficial for both the investor who has a financial advisor and the investor who manages their money for themselves. If you follow the video through, it will be a good way to assess whether you are investing with an eye towards value – i.e. the Buffett approach. So click below and enjoy a look at our perspective on Investing to Beat a Benchmark. Disclosures: All investments
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Categories: Events, Markets, and Strategy.

Podcast: Only 10% of Investors are Fundamental Investors – What?!

This week I am kicking off my first podcast edition with a discussion of an amazing insight from JP Morgan: only 10% of current market trades are from investors who are fundamental traders.   I’ve discussed in the past why stock picking is so important to our firm. It’s why we have the performance track record we have. This news makes us very excited moving forward, as it should anyone who invests similarly to Warren Buffett and other fundamental investors.   If you are an index investor (i.e. buy and stick with a basic bundle of ETFs or other vehicles) you may not be thrilled with what we have to say.   Regardless, you should have a listen as we believe the knowledge that only 10% of investors are fundamentally focused is a big deal.  
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Categories: Markets and Strategy.

The Political Sell: Bad Choice or Horrible Choice?

Today, as I was watching CNBC and other news outlets, the coverage was primarily centered around a tweet that President Trump made earlier in the day. No one really knew what the tweet meant, but the fact that everyone was trying to figure it out was interesting to me. Back on May 17, the market fell 1.8% on the news that there could possibly be an impeachment. President Trump and his dealings with Russia would come back to bite him, and take him out of office. The news outlets, again, were going crazy with the news. All this recent fascination with President Trump had me thinking: What if someone sold their stocks every time the President did something stupid? How would that strategy work out? Below is a chart of the S&P 500 along with some stupid things that Presidents have done in recent memory. As you look at it,
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Categories: Market Commentary, Markets, and Personal Finance.

Mistakes: Everyone Makes Them, The Average Repeat Them, The Greats Learn From Them

Mistakes. Everyone makes them. The greats learn from them while the average joe repeats them. In this week’s Market Commentary we are talking about how some of the best money managers ever have made mistakes and how learning from them is what made them great. And let’s just say this – in the midst of a bull market, like we’re in, mistakes become more common place and euphoria can take over. Doesn’t mean don’t ride the bull. Just means that we should be applying the rational, thoughtful, time-tested lessons of managing money described in the video. So watch the video and assess yourself on how well you learn from investing mistakes. What We’re Reading 5 things I’ve learned from Charlie Munger – David Clark shares the 5 things that he’s learned from Buffett’s right hand man, Charlie Munger. We can’t focus on just one because all five are just fantastic!
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Categories: Market Commentary and Markets.
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